Consumer Confidence Rated High in Annual ABC News/Money Magazine Poll

The annual ABC News/Money magazine poll reported this week that almost three-fourths of Americans said the U.S. economy is strong, a mark just shy of a previously reported all-time high in confidence. In addition, almost 70 percent rated their personal finances as positive, and just over 50 percent reported that now was a good time to purchase goods.

The cause for the continuous rise in confidence in the 13-year-old poll is attributed to the 29-year-low unemployment figure at 4.2 percent, as well as low inflation and interest rates.

Economic worth is a factor, as the numbers indicate that those with higher than average incomes rate the economy better than low income earners.

You may like these other stories...

For the first time since 2006, more than 50 percent of CFOs believe the US economy will show signs of improvement over a six-month span rather than remain the same or worsen, according to a new study from Chicago-based...
By Jason Bramwell, Staff Writer CPAs in New Jersey, New York, and Pennsylvania believe economic conditions in the United States will likely be the same one year from now, and while they predict higher business revenues...
By Jason Bramwell Managers in accounting, finance, and IT are cautiously optimistic about their hiring plans for the fourth quarter of 2013, according to a new hiring outlook survey from staffing firm Brilliant. ...

Already a member? log in here.

Upcoming CPE Webinars

Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.